Gulf Packaging, Inc.benefits

Gulf Packaging, Inc.'s benefits plans covered 138 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,009,372. Insurance brokers and agents were paid $38,309 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.8% of premiums. That is $278 per covered person, above the median for employer plans that report broker pay. Broker pay rose 4.4% from $36,709 in 2023.